"Now look at the role of the Fibonacci fans coming from 2011's top. Here too, the movement has been more than perfect!"
by Cyrille Jubert of CyrilleJubert.com
On this weekly silver chart dated 8/11/2019, first have a look at the Fibonacci's fans (in red), which fall from the 2011 peak.I erased those that have already been played, because my software crashes, when there is too much of them in logarithmic scale.Now, focus your attention on the green line. It starts from the low point of July 14, 1997, when Warren Buffet started buying silver, causing the 97-98 mini-rally.We note that this support has played an iterative role over the last 20 years, particularly in 2005-2006 and in 2008.